The Philippine Stock Exchange index (PSEi) started the week lower as investors took profits from recent gains, as expected. The main index dropped 26.89 points, or 0.42 percent, to close at 6,437.78 on Monday, Jan. 19. Banks led the retreat, although the services sector advanced, while the...
Stocks are poised for a volatile week as investors weigh monthlong rally against the risk of profit-taking and looming suite of economic data from the United States (US). The Philippine Stock Exchange index has climbed for four consecutive weeks, bolstered by steady foreign inflows and optimism...
Local stocks edged lower Friday, Jan. 17, as investors locked in gains from a recent rally, pressured by weakening peso and seasonal dip in money sent home by Filipinos working abroad. The Philippine Stock Exchange index (PSEi) slipped 22.86 points, or 0.35 percent, to settle at 6,464.67. While the...
The Philippine Stock Exchange index (PSEi) rebounded sharply on Thursday, Jan. 15, as investors bet on looming interest rate reduction by the central bank and digested an optimistic medium-term growth outlook from the World Bank. The main index climbed 97.72 points, or 1.53 percent, to finish at...
Profit-taking continued to pull down the Philippine Stock Exchange index (PSEi) as sentiment was weighed down by the weaker peso, which fell to a new record low of ₱59.44 versus the United States (US) dollar on Wednesday, Jan. 14. The main index dropped 18.95 points, or 0.3 percent, to close at...
State-run Government Service Insurance System (GSIS) is weighing a proposal by the Philippine Stock Exchange (PSE) to allow state pension fund members to borrow money for equity investments, a move that could provide fresh liquidity injection into the local bourse. In a statement on Tuesday, Jan....
The Philippine Stock Exchange index (PSEi) rose on Tuesday, Jan. 13, as investors used the double-digit decline in foreign direct investment data as catalyst to lock in gains following a three-day rally. The benchmark index fell 11.2 points, or 0.17 percent, to finish at 6,408.76. While the retreat...
Jollibee Foods Corp.’s ambitious plan to spin off its international business and list it on a United States (US) stock exchange is facing pushback from Philippine market regulators and analysts, who warn that local investors may find themselves holding shares they cannot easily trade. The...
The Philippine Stock Exchange Inc. (PSE) is turning to the country’s largest state-run pension funds to arrest the slump in market participation and offset a persistent exodus of foreign capital. PSE President Ramon S. Monzon told reporters that the exchange is in talks with the Social Security...
The Philippine Stock Exchange (PSE) extended its winning streak to open the week as investors increased bets that a looming pivot toward monetary easing will catalyze domestic economic growth. The PSE Index climbed 71.82 points, or 1.1 percent, to finish at 6,419.96 on Monday, Jan. 12. The move...
The Philippine Stock Exchange (PSE) is targeting ₱170 billion in capital raising for the year, marking a more than 20 percent increase from the previous year’s ₱140 billion haul as regulators prepare to ease listing hurdles for tech giants and smaller enterprises alike. PSE President Ramon S....
Local stock market may face selling pressure this week as investors lock in gains following a three-week rally, while shifting their focus to upcoming data on foreign investment and remittances for further direction. The Philippine Stock Exchange index (PSEi) has shown a bullish bias recently,...
